$189,500
602 N Westfield Rd Apt D
Madison, WI
2 bd1 ba900 sqft
Condo
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Madison, WI Housing Market & Real Estate
Balanced market-2.4% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Madison, WI is $420,000, down 2.4% year-over-year. Homes sell in an average of 58 days with 393 active listings. The market is currently a balanced market.
$420,000median sale price
Is Madison a buyer's or seller's market?
Balanced market2.4 months of supply58 avg. days on market
Madison, WI is currently a balanced market, based on 2.4 months of supply and homes selling in about 58 days. How we determine this →
Homes sold
165
Last 12 weeks
Days on market
58
Average pace
Active listings
393
2.4 months supply
Sale-to-list
99.9%
Below asking
Madison, WI market data
| Metric | Value |
|---|---|
| Median sale price | $420,000 |
| Median list price | $459,900 |
| Year-over-year price change | -2.4% |
| Average days on market | 58 days |
| Active inventory | 393 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 99.9% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Madison housing market is currently classified as a balanced market with a median sale price of $420,000. Prices have fallen 2.4% compared to last year, with homes spending an average of 58 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Madison
There are currently 393 homes listed for sale in Madison, Wisconsin. The median listing price is $460K. Featured listings range from $189,500 to $999,000.
$270,000
7823 E Oakbridge Way Unit 2A
Madison, WI
2 bd2 ba1,162 sqft
Condo
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$355,000
309 W Washington Ave Unit 512
Madison, WI
1 bd1 ba945 sqft
Condo
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$409,000
930 E Dayton St
Madison, WI
3 bd2 ba
Multi-family4,356 sqft lot
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$465,000
6517 Inner Dr
Madison, WI
3 bd2 ba1,835 sqft
House10,454 sqft lot
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$479,900
7710 Stones Throw Dr
Madison, WI
3 bd3 ba1,615 sqft
House
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$504,900
1249 Sports Almanac Rd
Madison, WI
3 bd2 ba1,511 sqft
House
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$544,900
1254 Fire Track Ln
Madison, WI
3 bd3 ba1,660 sqft
House
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$579,900
7701 Stones Throw Dr
Madison, WI
3 bd3 ba1,876 sqft
House
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$589,900
445 Lone Oak Ln
Madison, WI
3 bd3 ba1,880 sqft
House
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$889,900
607 Clear Pond Way
Madison, WI
4 bd3 ba2,875 sqft
House
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$999,000
3223 Topping Rd
Madison, WI
4 bd2 ba2,408 sqft
House13,068 sqft lot
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Active listings
393
Homes on market
Median list price
$460K
Avg. days on market
58
Days until sale
New this week
241
Newly listed
Price drops:10.7%of listings
Sale-to-list:99.9%
Top public schools in Madison
50 schools tracked · 24,767 students
The largest public schools serving Madison, WI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
West High
Grades 9-12 · 2,137 students
Vel Phillips Memorial High School
Grades 9-12 · 2,005 students
East High
Grades 9-12 · 1,644 students
LaFollette High
Grades 9-12 · 1,527 students
Hamilton Middle
Grades 6-8 · 768 students
Cesar Chavez Elementary
Grades PK-5 · 652 students
Leopold Elementary
Grades PK-5 · 623 students
4K PK Off Site
Grades PK · 594 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in WI
Frequently asked questions
What is the average home price in Madison?
The median home sale price in Madison is $420,000, down 2.4% from last year.
How long do homes stay on market in Madison?
Homes typically spend 58 days on market before going under contract.
Is Madison a buyer's or seller's market?
With 2.4 months of supply, Madison is currently a balanced market.
How many homes are for sale in Madison?
There are currently 393 homes listed for sale in Madison, WI.
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